TPT 0.00% 0.9¢ tangiers petroleum limited

predictions, page-4

  1. 23,919 Posts.
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    sims

    What are you annonyed about ?

    The stock moved from 16c to 32c+ (100% increase) within 10-15 days

    This is a consolidation as people take profit

    Spud being at least another week to week and a half away is plenty of time for it to head back above previous highs and into that 40c region

    If you run the numbers based on the % chance of success and the equivalent share price, it should be capped closer to $100M or 40c based on risk vs reward

    That doesn't stop the technical traders who aren't in it for drill results, but helps to establish a floor

    It should bounce into next week, this is likely people trying to front run the sophs selling next week and may get caught out if they hold into spud
 
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